Asia Mining News

Even with iron ore prices diving, NASA fast tracks mission to $10,000 quadrillion asteroid

If NASA is successful in its mission to 16 Psyche, one of the most massive asteroids found between the orbits of Mars and Jupiter, humans will have a first ever chance of exploring a world made of iron, not rock or ice.

China's coal-rich Shanxi province to halt or slow mines construction until 2020

Shanxi province accounts for about 25% of China's coal output and has vowed to cut 20 million tonnes of overcapacity this year.

From Yukon to Patagonia, gold explorers stir after sleep

Outbreaks of gold-rush fever are popping up as bullion markets stage a tentative recovery.

BELAZ hoping to make inroads into North American mining truck market

Breaking into the North American heavy equipment market isn't easy, especially for offshore companies.

Anglo Asian Mining back in the black as copper output doubles

Better gold prices also helped the Azerbaijan-focused miner reduced its outstanding debts and boost profit.

Yancoal seeks expansion in Hunter Valley with $710m bid for Mitsubishi’s mines

Company wants to become Australia’s largest independent coal producer.

For these women, working underground is a bright opportunity

Mothers will do everything to ensure a bright future for their children.

Drilling begins on property adjacent to 125,000-oz Kyrgyzstan gold mine

Initial drilling is designed to intersect an area which was previously drilled in the former Soviet republic between 1970 and 1990.

Coal transfer facility challenged in Federal Court

A decision is expected within six months.

Turquoise Hill revenue surprise lifts shares 6%

Vancouver-based company's Mongolian copper and gold mine expected to be the world's third largest after underground expansion.

BHP’s Mackenzie, Elliot Management face off

US activist investor steps up pressure on BHP to ditch petroleum. Mackenzie says company already knows what to do to lift value by 50% and double return on capital.

BHP ditching 'Billiton' in $10 million rebranding move

Move comes on the heels of calls from shareholders including activist investor Elliott Management and Australia’s Tribeca Investment Partners for a change of BHP's corporate structure.

China and India on aggressive electric vehicle push

China and India are rolling out plans to dramatically accelerate the adoption of electric vehicles (EVs), initiatives that have prompted the IEA to take notice and promise a review its long-term oil demand forecast.

Philippines to keep mining law intact, despite new minister appointment

The new head of the environment office, Roy Cimatu, has however said he believed it was possible to balance mining and natural resources protection.

Glencore puts Tahmoor coal mine up for sale

Market rumours point at South32 as the most likely buyer, since the miner decided last month to ditch its $200 million acquisition of Peabody Energy’s coal mine in New South Wales.

Here's why the iron ore price is tanking

And why the worst may be over already.

Anglo’s sale of Drayton coal mine spooks horse breeders

They fear the buyer, Malabar Coal, may revive mining at Drayton, which they claim would have have severe impacts on the area’s profitable stud farms and wineries.

Iron ore craters again — down 5% in only 24 hours

In Asia, trading was halted after prices sank 7.3%, which is the maximum a day allowed by Chinese regulators.

Dozens trapped, two killed in Iranian coal mine explosion

The blast took place at a mine located in Iran's northern Golestan province on Wednesday morning.

Philippines shows anti-mining environment minister the door

Congress decision puts and end to a 10-month tenure during which Regina Lopez ordered the closure of more than half the country's mines and banned open-pit mining.

PNG autonomous region lifts mining ban, but excludes controversial Panguna

An autonomous region of Papua New Guinea has lifted a ban on mining that has been in place since 1971 - but it will not allow the restart of the controversial Panguna copper mine which has been the source of deadly internal strife.

Australian officials slam banks decision to refuse backing country’s largest coal project

The lenders’ move follow a decision by Australia’s second-largest bank Westpac to only fund new projects in existing, rather than new, coal basins as part of its new climate policy.

US DoE delivers big boost to uranium price

US Dept of Energy makes huge cuts to allowable transfers of uranium this year and in 2018.

Timeline: The adventures of Robert Friedland

Entrepreneur, financier and company-maker.

Philippines extends mining ban, now forbids open-pits

Prohibition only affects planned mines, not the ones currently in operations, but it will take effect immediately.